Personal Loans for Salaried Expats in Dubai from ENBD
Interest Rate: 5.43%
Tenor: Maximum period of 48 months
Eligibility: Minimum salary of AED 5000
Processing fee: 1% of loan amount with a minimum of AED 500 and maximum of AED 2500
Late payment fee: AED 50
Instalment deferment fee: AED 100
Loan cancellation fee: AED 100
Salary transfer: Needed
Early repayment fee: 1% of outstanding amount
Partial payment fee: 1% of outstanding amount
Enhanced credit life insurance: 1.24% of the loan amount
Personal Loans for Salaried Expats from ENBD in Dubai
Emirates NBD Dubai lends personal loans to salaried expats according to their monthly income and their capacity to repay the loan. Interest rates vary between 5.43% and 6.59% based on the salary earned. Repayment periods are fixed depending on your income and repaying capabilities.
For instance, for a salary between AED 5000 and AED 9999, you need to pay an interest of 6.59%. For a salary over AED 10,000, the interest rate is 5.43% with a repayment period of 48 months. The maximum amount of loan you are eligible for is calculated based on your salary.
A personal loan in Dubai from ENBD helps people in a financial crisis as well as those who want to build up their assets by making prudent investments with the borrowed money.
Personal loans sanctioned by Emirates NBD are automatically insured with a double advantage. In the event of the untimely passing away of the borrower, the loan amount is repaid in full by the insurance company. The company also gives an equal amount to the borrower’s family.
Emirates NBD is the only bank to offer a 7-day loan return option in case the borrower is not satisfied with certain terms and conditions imposed by the bank for granting the loan.
ENBD Expats Personal Loan in Dubai
Emirates NBD was formed in September 2007 when The Emirates Bank and The National Bank of Dubai merged together to form a single entity. Emirates NBD is the largest banking group in the Middle East based on its asset value. The Bank operates in the UAE and a few other countries like Saudi Arabia and Qatar. It has several subsidiary and associate companies both within the UAE and outside. ENBD was awarded the “Best Asset Management Company” in 2013.
Dubai – The Desert Classic
The transformation of Dubai, the largest of the seven emirates of the UAE, from the nothingness of a desert country to one of the world’s largest cities, is indeed amazing. Though Dubai is a conglomeration of multiple cultures with 80% of the population being expats from across the globe, its culture is dominated by the Islamic traditions of Arabia and religion plays a vital role in the everyday life.
To avail of a personal loan in Dubai from ENBD, fill in the form on this page and a representative will soon contact you to offer assistance.